It’s good news for those of us still feeling the fashion pinch in our wallets with the news that Jil Sander will be launching a brand new, lower priced line.

According to WWD, the new collection – Jil Sander Navy – which has been designed by Raf Simons, will be available next spring. It’s said to include casual items such as t-shirts, jumpers and a range of accessories.

Alessandro Cremonesi, chief executive of Jil Sander, told WWD: “This is a strategic first step to grow the Jil Sander business as we aim to reach out to a vaster clientele. Not only does it address market needs, but it will complement the pre-collections and the runway offering.”

He added that the Navy collection would be targeted at a younger customer

We’re saving from now.